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CNBC
Oct 29, 2012 3:00pm EDT
remain closed tomorrow. a move they did not make during hurricane irene. >> sifma recommends closing u.s. government securities trading in tokyo and london as well. joining us on the phone to talk about that and more is sifma president and ceo, tim ryan. thanks for joining us here. >> thanks for being there. actually, both you, bill, and maria. >> your feeling is if they don't trade in new york, they shouldn't trade dollar-denominated currencies around the world. >> our recommendation was to close early today at noon. we chose to do it at noon principally because there were treasury auctions scheduled today. we wanted to get those finished. we recommended a close tomorrow. >> what about this cme report just moments ago that says overnight trading will happen at 7 p.m. tonight. how does that play into everything? i guess we want your take on the overall impact of a full market shutdown, like we're seeing, and what you're recommendation. >> well, remember, we recommend to our member firms, so they'll make the decision on cme on their own. typically when we make a recommendation because
CNBC
Oct 25, 2012 3:00pm EDT
dictate your plans? >> well, sure, it could. sandy is -- maybe it's not irene, but it's also wreaking havoc. florida looks to be out of harm's way for the most part. we'll see. >> you already had to cancel flights because of what's going on in the caribbean. >> we've done the same. obviously, let people know ahead of time. get people out of harm's way. we're prepared for next week. you assume the worst and see what happens. >> you know, between that as we watch the possible track of sandy, what happens with fuel prices, the state of the economy, the fiscal cliff, what a crazy business you're in. >> i'll tell you, bill, i think it's why i love the business so much. i mean that sincerely. there are so many variables when you look at running an airline. so not the least of which is you talk about just market caps of airlines. when you aggregate market caps, there are many individual companies worth much more than the airline industry in the united states. but these variables, mother nature, technology, cultural differences, capital. i mean, hey, listen, you better love it, otherwise get
CNBC
Oct 30, 2012 3:00pm EDT
one end. that was $100 billion. put irene at another end. that was a $13 billion event. i've seen 30 to 50. it feels, especially after you see that aerial video of what happens on the shores of new jersey, like it may be more along the 30 to 50 range when you talk about total property damage and you talk also about lost business activity. it was down in wall street. >> especially at a time when the economy was -- there was a sense it was starting to slow down again. we haven't had the strongest economy anyway. are we more vulnerable to this? >> i don't want to say there's an up side to this, but you could have a situation where some of the construction and some of the rebuilding happens in the same quarter where you had the business loss, so you have a really net no change to gdp. if there are major construction projects undertaken -- for example, let's say they decide the biggest financial center in the world should not be a foot over sea level, that's a major investment that could have a positive back on gdp. >> that's a great point, steve. as far as the idea that we have this last
CNBC
Oct 31, 2012 4:00pm EDT
of irene. today we're seeing plays in stock names that have been around for a few days, guys ahead of the curve playing last week, take a look at a few of them, hubble makes hardware that's used on the pole lines that's maintained by utilities, that stock is up today, generac makes power generators, big with portable and standby, big play last week, 20% move, beacon roofing up last week, up again today. armstrong world makes flooring, that moved, up 6%. crawford & company provides claims insurance. so that is going to help them out. so these stocks have been around and because people underestimated the impact of the storm, big movers today. >> michael, we've heard it's business as usual for the most part there in chicago. what are you expecting to see as the week goes by? >> well i think what we're going to continue to see is what the market expected today which was liquidity and stability in the markets and also a couple levels that were key in the marketplace, one being 1397 in the s&p and more importantly 130 in the euro as we saw the dollar look to have a little weakness early
FOX Business
Oct 29, 2012 3:00pm EDT
closed today. paul, tell us what you have seen so far. you were here for irene last year and several other hurricanes in the past. >> this year has been so far to my surprise the highest tide, and it got scary there for a minute. now it has gone down a little bit. but they're expecting a bigger one. i'm a little nervous and a little worried about it, you know, but we've got to prepare for the -- robert: you were closed all day. obviously your employees couldn't get in. tell me your thoughts about shutting down the city a day in advance. >> well, the city first of all they are doing a great job, emergency services. a day in advance, we were able to fit in all the events and functions, but the transportation was a little problem. robert: the owner and operator here at battery garden restaurants. if you are walking around grand central, you may recognize his face from uncle paul's pizza they delivered all the way downtown to our very hungry fox crew. liz: thank you to him. i have been to that wonderful battery gardens restaurant many times. he does a great job, fantastic. thanks
Search Results 0 to 4 of about 5